According to relevant media reports, UBS(UBS.US) is studying ways to provide cryptocurrency investments to wealthy clients, and UBS fears it could lose customers if it does not provide cryptocurrency investment channels.
According to the news, UBS is studying a variety of options for this asset class. Because of the volatility, any investment plan will only account for a small portion of the client's total assets, with options including investing through third-party investment vehicles, according to one of the people familiar with the matter.
"We are closely watching developments in digital assets," UBS said in a statement. The important thing is that what we are most interested in is the technology that supports digital assets, that is, distributed ledger technology. "
It is understood that more and more securities companies on the market have begun to provide encrypted currency services. For example, Goldman Sachs(GS.US) has begun to delve deeper into the $1 trillion bitcoin market and launch (NDF); Morgan Stanley, a non-deliverable forward trade linked to bitcoin prices.(MS.US) provides wealth management clients with three investment channels for bitcoin-related funds, while Bank of New York Mellon(BK.US) is developing a multi-asset digital hosting and management platform for traditional and digital assets; C.US is also considering providing cryptocurrency services.